I spent a lot of effort on learning about trade. I have also experienced many psychological feelings, ups and downs, so I would like to share from the bottom of my heart some tips for beginners or amateur traders:
1. Trade only 1 pair of currency: usdt and altcoin
2. Invest in good altcoins only (1-5 crypto), focus will bring about higher chance of winning. Treat btc as an altcoin and make a speculation with it. Learn how to identify a good crypto in order to hold the coin whenever the storms come.
3. BUY ON RED- SELL ON GREEN. Spend only one third of your money on trading long down waves. Two-thirds of the money should be allocated in the downtrend cycle of this market.
3. Prepare yourself for the great crisis that may happen during 2019-2021. Before that time, you should be flexible to convert your money flow from cash, real estate to gold and valuable assets. During the crisis, we can hold diamond at junk price (for crypto and securities) and buy good real estate at low prices.
Really? What will happen on 2019-2021? I do not have any idea about it. Well, I better to save my money right now because I do not know what happens next year but I am hoping that you are not spreading a FUD news.
Back to the trading, is it harmful to reverse the trend line? However, I agree to your opinion about buy on red and sell on green. Later on, I will try to make profits in exchange. As of now, I do not have enough capital to start.
Maybe he do have the crystal ball which he can able to predict or know on what would happen into those years. Those points being mentioned are just basic ones and must really be done by a certain investor or trader.
Buy on red and Sell on green wont really be that simple because there would really be lots of factors before you do such decisions. For a newbie trader which trading against the trend would really be dangerous but for short traders no matter which trend they can suit out and adjust.